Term
| Planning for Strategic Management 1/5 |
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Definition
| Establish the mission and vision and values |
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Term
| Planning for Strategic Management 2/5 |
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Definition
| assess the current reality |
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Term
| Planning for Strategic Management 3/5 |
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Definition
| Formulate the grand strategy and strategic, tactical, and operational plans |
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Term
| Why planning and Strategic Management are important 1/3 |
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Definition
| Providing direction and momentum |
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Term
| Why planning and Strategic Management are important 2/3 |
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Definition
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Term
| Why planning and Strategic Management are important 3/3 |
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Definition
| Developing a sustainable competitive advantage |
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Term
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Definition
| the ability of an organization to produce goods and services more effectively than its competitors do, thereby outperforming them |
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Term
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Definition
| is a framework for analyzing a resource or capability to determine its competitive strategic potential by answering four questions about its Value, Rarity, Imitability, and Organization. |
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Term
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Definition
| what is or reason for being? |
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Term
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Definition
| What do we want to become? |
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Term
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Definition
| What valued do we want to emphasize? |
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Term
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Definition
| Done by top managers for the next 1-5 ears |
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Term
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Definition
| Dnoe by middle managers for the next 6-24 months |
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Term
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Definition
| Done by first line managers for the first 2-52 weeks |
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Term
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Definition
| for activities that occur repeatedly over a period of time |
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Term
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Definition
| For activities not likely to be repeated in the future |
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Term
| Smart Goal characteristics |
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Definition
| Specific, measurable, Attainable, Results-Oriented, and Target Dates |
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